Common use of Minimum Participation Clause in Contracts

Minimum Participation. Equity stake or ownership interest with voting rights that the Qualified Operator shall have and maintain in the CONCESSIONAIRE’s capital stock, amounting to twenty-five percent (25%) of the CONCESSIONAIRE’s subscribed and paid-in capital stock during the period of time stipulated in the Contract.

Appears in 4 contracts

Sources: Concession Contract, Concession Contract, Concession Contract

Minimum Participation. Equity stake or ownership interest with voting rights that the Qualified Operator shall have and maintain in the CONCESSIONAIREConcession Holder’s capital stock, amounting to twenty-five percent (25%) of the CONCESSIONAIREConcession Holder’s capital stock subscribed and paid-in capital stock paid for, during the period of time stipulated in the Contract.

Appears in 4 contracts

Sources: Concession Contract, Concession Contract, Concession Contract